Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Tower Semiconductor Ltd (NASDAQ: TSEM) closed at $63.21 up 0.38% from its previous closing price of $62.97. In other words, the price has increased by $0.38 from its previous closing price. On the day, 0.99 million shares were traded. TSEM stock price reached its highest trading level at $64.87 during the session, while it also had its lowest trading level at $62.36.
Ratios:
For a deeper understanding of Tower Semiconductor Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.50 and its Current Ratio is at 6.57. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
On May 10, 2024, Susquehanna Upgraded its rating to Positive which previously was Neutral and also upped its target price recommendation from $36 to $55. On February 29, 2024, Susquehanna started tracking the stock assigning a Neutral rating and target price of $36.Susquehanna initiated its Neutral rating on February 29, 2024, with a $36 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TSEM now has a Market Capitalization of 7069785600 and an Enterprise Value of 6036004352. As of this moment, Tower’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.34, and their Forward P/E ratio for the next fiscal year is 22.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.75 while its Price-to-Book (P/B) ratio in mrq is 2.55. Its current Enterprise Value per Revenue stands at 4.057 whereas that against EBITDA is 12.981.
Stock Price History:
The Beta on a monthly basis for TSEM is 0.84, which has changed by 0.5549816 over the last 52 weeks, in comparison to a change of 0.18469036 over the same period for the S&P500. Over the past 52 weeks, TSEM has reached a high of $63.55, while it has fallen to a 52-week low of $28.64. The 50-Day Moving Average of the stock is 27.68%, while the 200-Day Moving Average is calculated to be 40.96%.
Shares Statistics:
For the past three months, TSEM has traded an average of 1.03M shares per day and 1996180 over the past ten days. A total of 111.76M shares are outstanding, with a floating share count of 111.76M. Insiders hold about 0.00% of the company’s shares, while institutions hold 77.58% stake in the company. Shares short for TSEM as of 1755216000 were 1364719 with a Short Ratio of 1.32, compared to 1752537600 on 1361440. Therefore, it implies a Short% of Shares Outstanding of 1364719 and a Short% of Float of 1.24.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The current Payout Ratio is 0.00% for TSEM, which recently paid a dividend on 1997-09-24 with an ex-dividend date of 1997-09-24. Stock splits for the company last occurred on 2012-08-06 when the company split stock in a 1:15 ratio.
Earnings Estimates
Tower Semiconductor Ltd (TSEM) is presently subject to a detailed evaluation by 5.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $0.68, with high estimates of $0.7 and low estimates of $0.66.
Analysts are recommending an EPS of between $2.22 and $2.13 for the fiscal current year, implying an average EPS of $2.17. EPS for the following year is $2.75, with 5.0 analysts recommending between $3.2 and $2.37.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $394.98M this quarter.It ranges from a high estimate of $395.19M to a low estimate of $394.6M. As of the current estimate, Tower Semiconductor Ltd’s year-ago sales were $370.51MFor the next quarter, 5 analysts are estimating revenue of $434.35M. There is a high estimate of $435.3M for the next quarter, whereas the lowest estimate is $432.04M.
A total of 5 analysts have provided revenue estimates for TSEM’s current fiscal year. The highest revenue estimate was $1.56B, while the lowest revenue estimate was $1.56B, resulting in an average revenue estimate of $1.56B. In the same quarter a year ago, actual revenue was $1.44BBased on 5 analysts’ estimates, the company’s revenue will be $1.75B in the next fiscal year. The high estimate is $1.82B and the low estimate is $1.65B.
